HSBC Shares Slide After Group Announces Departure of CFO Ewen Stevenson

By Scott Kanowsky — HSBC Holdings PLC (LON:) has announced that chief financial officer Ewen Stevenson will step down from the role at the end of 2022, as the lender looks to overhaul its leadership team with the end of a multi-year plan to transform the business approach. In a statement, the bank said Georges … Read more

New subscribers’ enrolment slide under EPFO, ESIC, NPS in Aug

New Delhi, Oct 25 (IANS) New subscribers to the Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC) and the National Pension Scheme (NPS) witnessed a drop in August compared to July. According to official data, a total of 9,86,850 new subscribers enrolled under EPFO in August 2022, which were 11.86 per cent less … Read more

Renault Shares Slide After Dip in Q3 Auto Sales

By Scott Kanowsky — Shares in Renault SA (EPA:) fell in early European dealmaking on Friday after the French automaker said that supply constraints weighed on the number of cars sold by the French automaker in the third quarter. Sales volumes slipped by 2.4% year-on-year to 481,000. The maker of brands like Dacia and … Read more

Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide

By Yasin Ebrahim — Whirlpool reported third-quarter results that missed on both the top and bottom lines and the appliance maker cut its outlook on full-year earnings amid rampant inflation and slowing demand.  Whirlpool Corporation (NYSE:) was down more than 5% in afterhours trading following the news.  The company adjusted EPS of $4.49 on … Read more

Ericsson Shares Slide Amid Q3 Earnings Miss, Higher Restructuring Expenses

By Scott Kanowsky — Shares Ericsson (ST:) tumbled by more than 14% on Thursday after the Swedish telecommunications company posted lower-than-expected third-quarter core and flagged a hike in restructuring costs. Earnings before interest, taxes and amortization during the period dropped to SEK 7.6B, down by 18% annually, due to increased investment in research and development … Read more

See Rupee slide as a case of Dollar strengthening, says Finance Minister

New Delhi, Oct 16 (IANS) As the rupee continues with its downward trend against the dollar, touching 82.32 on Friday, Finance Minister Nirmala Sitharaman has said that she sees the phenomenon as dollar strengthening and not the Indian currency sliding. Addressing a press conference in Washington on Friday, Sitharaman said that rupee has withstood dollar’s … Read more

Royal Mail Shares Slide as Group Unveils Job Cuts After H1 Loss

By Scott Kanowsky — London-listed shares in International Distributions Services PLC (LON:) slid sharply on Friday after the British postal service unveiled plans to deeply slash jobs in an attempt to begin “rightsizing” the business in the wake of a first-half loss. In a trading update ahead of its next results on November 17, … Read more

Pre-Open: Dow Futures, SGX Nifty Slide Amid Weak Cues & US Curbs on China Chips

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.49% or 84 points lower at 8:36 am on Tuesday, indicating a negative opening on Dalal Street amid weak global cues. Further, the declined 0.45% and fell 0.35%. Major indices on Wall Street started the week on a … Read more

Shell Shares Slide After Third Quarter Profit Warning

By Scott Kanowsky — London-listed shares in Shell PLC (LON:) fell in mid-morning trading after the energy giant warned that lower refining margins will hit third-quarter earnings. In a trading update on Thursday, Europe’s largest oil firm said its indicative refining margin is now expected to come in at $15 per barrel during the period, … Read more

Shares in Puma, Adidas Slide After Nike Warns of FY Gross Margin Pressure

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